30 Jan '17, 11am

Solar Outlook 2017: The Global Market Marches On

According to most analysts 2016 will shake out to be a very good year for solar in terms of deployment and expansion. Installed capacity worldwide will most likely top 70 GW. In 2016 PV module prices dropped again mostly due a glut of Chinese made modules that entered the market unexpectedly. According to a recent U.S. DOE SunShot report, analysts have reported modules quotes between $.40 and $.50 per watt and some in the industry have seen quotes below $.40 for 2017 delivery. 2016 also saw record low tenders for projects in India, Dubai and Chile. “Solar has moved to a point where its competitive with traditional other power options,” said Brian Carey, US Cleantech Advisory Leader at PwC in an interview. David Feldman, Senior Financial Analyst with the National Renewable Energy Laboratory (NREL), said that he wouldn’t be surprised if 2017 was a good year, given the fact t...

Full article: http://www.renewableenergyworld.com/articles/print/volume...

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